Which protocols are sound businesses?
Protocol | Fees | Revenue | Token incentives | Earnings |
Ethereum | $205.0m | $176.3m | $95.9m | $80.3m |
Tron | $82.8m | $82.8m | $55.4m | $27.4m |
Uniswap | $59.6m | $0 | $14.8 | -$14.8 |
Lido Finance | $47.1m | $4.7m | $1.6m | $3.1m |
Bitcoin | $23.1m | $0 | $793.2m | -$793.2m |
BNB Chain | $20.0m | $2.0m | $0 | $2.0m |
GMX | $18.7m | $5.6m | $1.3m | $4.3m |
Convex Finance | $15.8m | $3.2m | $1.4m | $1.8m |
Arbitrum | $9.4m | $3.7m | $0 | $3.7m |
OpenSea | $9.2m | $2.2m | $0 | $2.2m |
Blur | $8.6m | $0 | $0 | $0 |
PancakeSwap | $7.8m | $2.5m | $20.7m | -$18.2m |
dYdX | $7.6m | $7.6m | $14.6m | -$7.0m |
Level Finance | $7.6m | $4.2m | $6.0m | -$1.8m |
Aave | $7.2m | $1.1m | $301.1k | $752.5k |
Filecoin | $5.4m | $4.9m | $37.7m | -$32.8m |
SushiSwap | $4.6m | $766.9k | $327.3k | $439.5k |
Trader Joe | $4.5m | $65.9k | $124.8k | -$59.0k |
Manifold.xyz | $4.5m | $81.4k | $0 | $81.4k |
Flashbots | $4.3m | $37.9k | $0 | $37.9k |
Synthetix | $4.1m | $4.1m | $3.9m | $214.4k |
Polygon | $3.8m | $2.4m | $18.0m | -$15.7m |
Optimism | $3.7m | $898.6k | $30.4m | -$29.5m |
Aura Finance | $2.6m | $724.3k | $3.2m | -$2.5m |
Gains Network | $2.2m | $1.8m | $0 | $1.8m |
Venus | $2.2m | $302.3k | $294.5k | $7.7k |
Lyra | $2.1m | $0 | $5.0k | -$5.0k |
Radiant Capital | $1.9m | $957.2k | $237.6k | $719.6k |
MakerDAO | $1.9m | $1.9m | $187.3k | $1.7m |
Compound | $1.7m | $181.6k | $960.7k | -$779.1k |
Morpho | $1.4m | $0 | $0 | $0 |
MUX | $1.3m | $800.6k | $32.9k | $767.7k |
Ethereum Name Service | $1.3m | $1.3m | $0 | $1.3m |
Avalanche | $1.2m | $1.2m | $26.6m | -$25.3m |
LooksRare | $1.2m | $1.2m | $1.0m | $185.6k |
Kwenta | $1.2m | $0 | $1.3m | -$1.3m |
Solana | $1.1m | $567.9k | $48.9m | -$48.3m |
Goldfinch | $1.1m | $112.2k | $462.7k | -$350.4k |
BendDAO | $1.0m | $311.0k | $677.3k | -$366.3k |
Stargate | $983.4k | $983.4k | $1.1m | -$72.1k |
Perpetual Protocol | $916.7k | $183.3k | $277.9k | -$94.5k |
Hop Protocol | $837.4k | $729.9k | $353.1k | $376.8k |
Tokenlon | $818.5k | $818.5k | $161.6k | $657.0k |
CoW Protocol | $778.9k | $778.9k | $0 | $778.9k |
Zora | $771.3k | $276.8k | $0 | $276.8k |
Cap | $770.8k | $596.1k | $0 | $596.1k |
QuickSwap | $757.6k | $93.3k | $145.1k | -$51.8k |
Mummy Finance | $716.9k | $286.8k | $1.8m | -$1.5m |
X2Y2 | $649.2k | $599.9k | $636.1k | -$36.2k |
Hegic | $629.1k | $629.1k | $0 | $629.1k |
StakeWise | $625.3k | $62.5k | $687.2k | -$624.7k |
Synapse | $616.8k | $616.8k | $581.2k | $35.7k |
Gamma Strategies | $599.4k | $86.3k | - | $86.3k |
Sonne Finance | $488.1k | $66.7k | $484.3k | -$417.6k |
Abracadabra.money | $468.9k | $468.9k | $224.4k | $244.5k |
Zyberswap | $457.1k | $57.5k | $1.2m | -$1.1m |
Premia | $412.1k | $21.1k | $110.1k | -$89.1k |
SuperRare | $399.7k | $265.1k | $0 | $265.1k |
SpookySwap | $374.6k | $56.2k | $408.0k | -$351.8k |
Ribbon Finance | $371.7k | $69.6k | $203.3k | -$133.7k |
Across | $352.3k | $0 | $145.0k | -$145.0k |
1inch | $322.3k | $322.3k | $49.2k | $273.1k |
Alchemix Finance | $303.4k | $303.4k | $650.5k | -$347.1k |
Velodrome | $245.4k | $340.7k | $6.4m | -$6.0m |
Voltz | $226.2k | $0 | $0 | $0 |
Equalizer Exchange | $222.4k | $220.6k | $799.5k | -$578.9k |
Azuro | $213.7k | $10.7k | $0 | $10.7k |
BENQI | $207.8k | $40.5k | $262.6k | -$222.1k |
DeFi Saver | $176.2k | $176.2k | $0 | $176.2k |
Liquity | $170.9k | $170.9k | $765.3k | -$594.4k |
Bancor | $166.8k | $140.7k | $9.6k | $131.1k |
Dogecoin | $166.1k | $0 | $33.6m | -$33.6m |
Mycelium | $150.6k | $45.2k | $10.3k | $34.9k |
Thena | $143.1k | $103.0k | $2.6m | -$2.5m |
Sound.xyz | $132.6k | $6.9k | $0 | $6.9k |
Metavault.Trade | $122.5k | $36.8k | $233.2k | -$196.4k |
ApeSwap | $122.1k | $38.8k | $334.3k | -$295.5k |
Unipilot | $116.2k | $11.6k | $0 | $11.6k |
Decentral Games | $100.7k | $100.7k | $107.1k | -$6.4k |
SX | $95.5k | $95.5k | $71.5k | $24.1k |
Foundation | $94.2k | $80.6k | $0 | $80.6k |
Sudoswap | $88.5k | $12.9k | $0 | $12.9k |
BetSwirl | $85.8k | $85.8k | $0 | $85.8k |
Origin Protocol | $84.9k | $8.5k | $23.6k | -$15.1k |
NFTX | $81.9k | $16.7 | $0 | $16.7 |
IPOR Protocol | $80.0k | $1.8k | $548.4k | -$546.7k |
Index Cooperative | $66.7k | $66.7k | $84.9 | $66.6k |
Idle Finance | $54.4k | $5.7k | $3.6k | $2.1k |
DODO | $54.3k | $10.9k | $91.0k | -$80.1k |
UniDex | $50.1k | $20.1k | $0 | $20.1k |
SolidLizard | $47.5k | $77.9k | $1.4m | -$1.3m |
Lens Protocol | $44.0k | $0 | $0 | $0 |
MultiversX | $36.6k | $3.3k | $5.9m | -$5.9m |
Litecoin | $34.8k | $0 | $19.9m | -$19.9m |
Wombat Exchange | $34.6k | $17.3k | $593.9k | -$576.6k |
Instadapp | $34.4k | $34.4k | $0 | $34.4k |
Zerion | $34.1k | $34.1k | $0 | $34.1k |
Clipper | $34.0k | $12.9k | $0 | $12.9k |
The Graph | $32.3k | $7.3k | $3.7m | -$3.7m |
Livepeer | $27.5k | $0 | $1.0m | -$1.0m |
Tokemak | $24.7k | $24.7k | $197.2k | -$172.5k |
Notional Finance | $20.8k | $19.0k | $182.5k | -$163.5k |
Deri Protocol | $18.0k | $14.4k | $11.3k | $3.0k |
Verse | $17.7k | $3.0k | $342.3k | -$339.3k |
Vesta Finance | $15.6k | $15.6k | $11.9k | $3.8k |
PoolTogether | $13.1k | $0 | $150.6k | -$150.6k |
Stellar | $13.1k | $13.1k | $0 | $13.1k |
Reflexer | $11.5k | $11.5k | $27.2k | -$15.7k |
DFX Finance | $11.0k | $5.5k | $85.0k | -$79.5k |
Integral | $9.8k | $9.8k | $419.1 | $9.4k |
Tezos | $9.3k | $0 | $4.0m | -$4.0m |
Internet Computer | $9.3k | $9.3k | $16.3m | -$16.3m |
Connext | $8.9k | $0 | $0 | $0 |
Allbridge Core | $8.0k | $1.6k | $0 | $1.6k |
Thales | $7.8k | $7.8k | $249.9k | -$242.1k |
Rarible | $7.0k | $7.0k | $423.7 | $6.6k |
Toucan Protocol | $4.2k | $4.2k | $0 | $4.2k |
Solv Protocol | $4.1k | $4.1k | $0 | $4.1k |
Mean Finance | $3.9k | $975.7 | $0 | $975.7 |
Swarm | $2.8k | $0 | $7.0k | -$7.0k |
Kleros | $2.1k | $0 | $16.8k | -$16.8k |
Alongside | $2.1k | $2.1k | $0 | $2.1k |
Quix | $1.6k | $769.8 | $0 | $769.8 |
Ren | $1.6k | $0 | $0 | $0 |
Mina Protocol | $1.5k | $0 | $7.7m | -$7.7m |
Saddle Finance | $467.5 | $0 | $1.2m | -$1.2m |
Zcash | $391.1 | $0 | $3.3m | -$3.3m |
Cryptex | $185.9 | $185.9 | $11.3k | -$11.1k |
Volmex | $53.0 | $53.0 | $0 | $53.0 |
0x | $0 | $0 | $0 | $0 |
Aragon | $0 | $0 | $0 | $0 |
Euler | $0 | $0 | $7.6k | -$7.6k |
Kapital DAO | $0 | $0 | $0 | $0 |
ParagonsDAO | $0 | $0 | $0 | $0 |
SynFutures | $0 | $0 | $0 | $0 |
TrueFi | $0 | $0 | $285.4k | -$285.4k |